Learn the trade here. Make it on tradeMONSTER

Options Trading News

November 6, 2012  Tue 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The major equity indexes rallied yesterday afternoon to join the CBOE Volatility Index and VIX futures in positive territory.

The S&P 500 was up 3 points at the end of the day to close at 1417.26. It had traded below 1409 just after the open but climbed though the afternoon and hit its session high just before the bell. Support remains at 1403 and resistance at 1434.

The Nasdaq 100 followed the same pattern, rising 16.63 points to 2672.91. Like the SPX it is now right at its 10-day moving average. It has support at 2636 and resistance at 2701.

The Russell 2000 followed a similar pattern, though it saw most of its gains rights after dropping at the open. It was up 5.17 points to 819.54, gaining 0.63 percent, the exact same as the NDX in percentage terms. It has support and resistance 807 and 830 respectively.

The VIX was up 0.83 points, or 4.7 percent, to close at 18.42. It opened the day at 18.33 and peaked at 18.70, so the session's range was quite narrow. The VIX did show relative strength because it was a Monday, when the SPX options are repriced to account for the weekend time decay.

The spot VIX jumped above the November futures, which were up 0.25 points to 18.05. The December futures rose 0.25 points to 18.85.

More than 583,000 SPX options traded on the day, with 335,000 puts. The VIX options turned over 421,000 contracts, with calls outpacing puts by 2 to 1. The VVIX Index, which measures the implied volatility of the VIX options, continues to bounce off its lows, gaining 3.3 percent to 90.75.
Share this article with your friends


Related Stories

VIX

VIX back above 12 as equities slide

July 28, 2014

Stocks fell on Friday, leaving the major equity indexes almost unchanged on the week while the CBOE Volatility Index climbed back above the 12 level.

VIX

VIX up as SPX hits another high

July 25, 2014

Equity indexes were mixed and little-changed at the end of yesterday's session, with the S&P 500 barely making new highs and the CBOE Volatility Index rising slightly.

VIX

VIX slips as SPX hits new highs

July 24, 2014

Major equity indexes posted more gains yesterday, pushing the S&P 500 to new highs as the CBOE Volatility Index declined again.

VIX

Videocast: Target 19 line in VIX

July 23, 2014

Group One's Jamie Tyrrell says traders are targeting the VIX 19 line today, selling calls in August and buying them in October.

VIX

VIX down as SPX posts new high

July 23, 2014

A broad market rally pushed the S&P 500 to a new all-time high while sending the CBOE Volatility Index lower by more than 4 percent.

Premium Services

Free Webinars

Education & Strategy

How to navigate earnings season

We are embarking on one of the most frustrating times for new option traders: earnings season.Many new traders buy options,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER